Procedure for Selecting Investors for Commercial Housing Construction Projects

19:26, 10/07/2024

The content is specified in detail in Circular 19/2016/TT-BXD, guiding the implementation of certain provisions of the Housing Law and Decree 99/2015/ND-CP, which details and guides the implementation of certain articles of the Housing Law.

According to Circular 19/2016/TT-BXD, the selection of investors in cases specified in Point a, Clause 1, Article 18 of Decree No. 99/2015/ND-CP is carried out as follows:

- The order and procedures for auctioning land use rights are performed in accordance with the provisions of auction law and land law;- In case the provincial People's Committee is the agency approving the auction results, the approval document must include the content of recognizing the winning bidder as the investor;- In case the agency approving the auction results is not the provincial People's Committee, the agency approving the auction results must send a proposal document along with the auction results and the legal dossier of the winning bidder to the provincial People's Committee for the recognition of the housing project investor. Within 5 working days from the date of receiving the proposal document, the provincial People's Committee shall issue a document recognizing the winning bidder as the investor.

See related regulations at Circular 19/2016/TT-BXD, effective from August 15, 2016.

- Thanh Lam -

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